QBTS

Investor brainiacs and sleuthy stock enthusiasts, let's place quantum computing company, D-Wave Quantum Inc., on our analytical table today. Their Q3 filing in 2023 showed some rather interesting figures that could stumble the average Joe, but not us financier Einsteins. So let's pull up our microscope and have a closer peek.

One glaring number that jumped, is their net income loss attributable to parent, showing a negative value of a whopping -15829000 USD. That doesn't paint a happy picture, but look beyond the paint. This is where we Sherlock Holmes the situation. The company had a gross profit value of 1529000 USD but had incurred whopping costs and expenses to the tune of 20969000 USD. The primary culprit is their heavy investment in research and development, standing proudly at 9459000 USD. Now that's speaking a language we like. Dedication to R&D usually hints at potential future growth, which might not always be reflected in their current financial statements.

Allow your eyes to scan their balance sheet. The total assets are pegged at 70179000 USD, in which an impressive 55950000 USD falls under other current assets while their intangible assets value was quite low, standing at only 195000 USD. On the flip side, their total liabilities are quite elephantine, aggregating to 61383000 USD. Within this, current liabilities are gargantuan at 43328000 USD. Is this a reason to worry? Not necessarily, because when D-Wave’s solid equity value of 8796000 USD is brought into the conversation, it bolsters their ability to absorb these liabilities.

Next, we turn the pages to their cash flow statement. D-Wave reported net cash flow from operating activities as -16866000 USD while net cash flow from financing activities soared to 62751000 USD. Their balance sheet looks well capitalized for ongoing operations and potential investment or debt repayment. Don't let the negative net cash flow from operating activities spook you as cash flow and profit often tell very different narratives.

Moving to comprehensive income, the company has an other comprehensive income loss value of -15814000 USD. This loss further erodes their net income but remember, "patience you must have, my young padawan". Companies, especially those heavily involved in R&D such as D-Wave, are often not profitable in their early stages, and significant reinvestment undermines their current net income.

It’s not all rainbows and unicorns for D-Wave. After all, taking a quantum leap towards success requires risk and experimentation, which is evidently being demonstrated through their heavy R&D expenditure. They sure are keeping things quantumly interesting on the stock market showdown. Remember flock, pay attention to fundamental shifts, not market noise!